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US equity markets rallied, led by a strong rebound for the technology sector and as Treasury yield receded – Dow edged +30-points or +0.10% higher, settling near its session low and unwinding an earlier gain of over >300 points that lifted the index to a fresh record intra-day high (32,148.04). Walt Disney Co fell -3.66% despite Chief Executive Officer (CEO) Bob Chapek revealing at the annual shareholders meeting that the company’s Disney+ streaming service had topped >100M subscribers. The broader S&P500 gained +1.42%. Tesla Inc arrested a five session losing streak with a +19.64% jump and biggest single session advance since February last year (adding ~US$106B to the electric vehicle maker’s market capitalisation). Chevron Corp (down -0.23) hosted an Investor Day . The Nasdaq rebounded +3.69% to log its strongest session since 4 November last year, with Apple Inc (up +4.06%) and Facebook Inc (+4.09%) both up over >4%. Microsoft Corp (up +2.81%) and Netflix Inc (+2.66%) both gained over >2.5%, while Amazon.com Inc rose +3.76%. The small capitalisation Russell 2000 index gained +1.91%.
US equity markets rallied, led by a strong rebound for the technology sector and as Treasury yield receded – Dow edged +30-points or +0.10% higher, settling near its session low and unwinding an earlier gain of over >300 points that lifted the index to a fresh record intra-day high (32,148.04). Walt Disney Co fell -3.66% despite Chief Executive Officer (CEO) Bob Chapek revealing at the annual shareholders meeting that the company’s Disney+ streaming service had topped >100M subscribers. The broader S&P500 gained +1.42%. Tesla Inc arrested a five session losing streak with a +19.64% jump and biggest single session advance since February last year (adding ~US$106B to the electric vehicle maker’s market capitalisation). Chevron Corp (down -0.23) hosted an Investor Day . The Nasdaq rebounded +3.69% to log its strongest session since 4 November last year, with Apple Inc (up +4.06%) and Facebook Inc (+4.09%) both up over >4%. Microsoft Corp (up +2.81%) and Netflix Inc (+2.66%) both gained over >2.5%, while Amazon.com Inc rose +3.76%. The small capitalisation Russell 2000 index gained +1.91%. read more read less

3 years ago #asx, #ausbiz, #cac, #dax, #ftse100, #markets, #nasdaq, #s&p500, #stoxx, #ustreasury